Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
Morgan said thanks to their acquisition of Dynegy, Vistra will be generating significant cash flows that give his company a lot of flexibility to both service their debt and increase their dividend in the future.
Vistra is still a growth company, he added, with 50% of their earnings stemming from Texas, a market where they see 2% annual growth.
When asked about the future for coal, Morgan said that coal is "on it's way out" for power generation, especially as renewables and battery technology become more cost-effective. Coal will remain important for at least the next 10 to 15 years, he said, but not for the long term.
Batteries have become an interesting technology, Morgan added, as it allows the fluctuating nature of renewables to be stabilized so that the grid and the plants that power the grid can be run more efficiently.
Cramer and the AAP team note that seven of the companies in their portfolio are reporting this week, including Abbott Laboratories (ABT) - Get Report , Nucor (NUE) - Get Report and Honeywell (HON) - Get Report . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Over on Real Money, Cramer says if you're sitting on a down-and-out stock with a real bad chart, you need to hold on at this point because an analyst or a quarter could come to your rescue. Get more of his insights with a free trial subscription to Real Money.
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At the time of publication, Cramer's Action Alerts PLUS had a position in ABT, NUE, HON.